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Africa faces worst economic shock since 1970s, says IMF chief

Africa will need more financial help to avoid “long-lasting, terrible consequences” from the coronavirus pandemic, Kristalina Georgieva, managing director of the IMF, said as the fund predicted a region-wide contraction of 3.2 per cent this year, far worse than it had forecast just 10 weeks ago. “This is the heaviest hit on Africa at least…

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